Pinewood Technologies Group (LON:PINE) Trading 2.4% Higher - What's Next?

Pinewood Technologies Group PLC (LON:PINE - Get Free Report) was up 2.4% during mid-day trading on Wednesday . The company traded as high as GBX 395 ($5.25) and last traded at GBX 386.50 ($5.13). Approximately 132,555 shares were traded during trading, a decline of 44% from the average daily volume of 235,577 shares. The stock had previously closed at GBX 377.50 ($5.01).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 590 ($7.84) price target on shares of Pinewood Technologies Group in a research report on Tuesday, April 1st.

Pinewood Technologies Group Stock Performance

The company has a market capitalization of £326.69 million, a P/E ratio of 7.18 and a beta of 0.56. The business has a fifty day moving average of GBX 338.52 and a 200-day moving average of GBX 341.02.

Pinewood Technologies Group (LON:PINE - Get Free Report) last announced its earnings results on Tuesday, April 1st. The company reported GBX 15.25 ($0.20) EPS for the quarter. Pinewood Technologies Group had a net margin of 167.76% and a return on equity of 11.83%. Sell-side analysts anticipate that Pinewood Technologies Group PLC will post 9.8256735 EPS for the current year.

Insider Activity

In related news, insider Brian Small acquired 6,349 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average price of GBX 315 ($4.18) per share, with a total value of £19,999.35 ($26,566.62). Also, insider Dietmar Exler bought 1,500 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was purchased at an average cost of GBX 317 ($4.21) per share, for a total transaction of £4,755 ($6,316.42). 30.44% of the stock is owned by company insiders.

About Pinewood Technologies Group

Pendragon PLC is one of the UK's leading automotive retailers with over 120 locations selling new and used vehicles alongside expert aftercare services. Operating in the UK under the brands of Evans Halshaw, Stratstone and CarStore the Group also has additional businesses including Pinewood for dealership management systems, Pendragon Vehicle Management for fleet and leasing and Quickco for wholesale vehicle parts.